Global Markets: Asian Stock Markets : Nikkei down 0.44%, Shanghai Composite up 0.37%, Hang Seng down 1.41%, ASX down 0.03% Commodities : Gold at $1790.75 (-0.15%), Silver at $18.39 (-1.06%), Brent Oil at $42.71 (-0.90%), WTI Oil at $40.20 (-1.06%) Rates : US 10-year yield at 0.666, UK 10-year yield at 0.185, Germany 10-year yield … Continue reading Tuesday 7th July: Chinese markets lead dains in the region
GBP/USD bulls went on the offensive last week and pencilled in healthy upside. With respect to structure on the weekly timeframe, support resides at 1.2163, a Quasimodo formation
The aftermath of Thursday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 (sited beneath Quasimodo resistance at 1.1340), directed EUR/USD lower, settling around July’s opening level at 1.1235.
Global Markets: Asian Stock Markets : Nikkei up 0.66%, Shanghai Composite up 2.01%, Hang Seng up 0.99%, ASX up 0.42% Commodities : Gold at $1784.00 (-0.34%), Silver at $18.24 (-0.46%), Brent Oil at $42.64 (-1.16%), WTI Oil at $40.16 (-1.21%) Rates : US 10-year yield at 0.669, UK 10-year yield at 0.179, Germany 10-year yield … Continue reading Friday 3rd July: Asian markets gain on US non-farm payrolls
The aftermath of yesterday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 on the H4, directed EUR/USD lower, settling 30 pips shy of 1.12 heading into the European close.
